Yes, DEVILWOOD is a Scrabble word!

Letter values in Scrabble US: D 2, E 1, V 4, I 1, L 1, W 4, O 1, O 1, D 2.

Is it a valid word?

DEVILWOOD is a valid word in the official Scrabble dictionary (US), the UK Scrabble Dictionary and Words with Friends (ENABLE).

small tree of southern United States having panicles of dull white flowers followed by dark purple fruits

Also: american olive, osmanthus americanus.